Mortgages

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Your local mortgage experts

Our wholly-owned subsidiary, Residential Mortgage, is a leader in the mortgage origination industry and serves borrowers purchasing or refinancing homes in Alaska and other select states in the lower 48 from offices statewide.

Established in 1998, Residential Mortgage's loan originators are experts in the housing market, have an in-depth knowledge of the industry, and are committed to helping you find the right mortgage loan for your needs.

 

Residential Mortgage, LLC

 

When you work with Residential Mortgage, you can expect:

  • Personal service: Residential Mortgage believes in building lasting relationships by providing you with the support and personal attention you deserve. It offers you a person you can go and talk to face-to-face, someone who will guide you through every step of the lending process so you can make informed decisions.
  • Local expertise: Residential Mortgage has some of the most experienced mortgage professionals in Alaska, many with more than 20 years serving Alaska homeowners. They understand the Alaska market, and the challenges Alaskans can face when buying a home here.
  • Superior communication: Residential Mortgage's loan originators are committed to ongoing communication, giving you regular updates on the status of your loan.
  • AHFC-approved lender: Residential Mortgage is an Alaska Housing Finance Corporation (AHFC) approved lender. An AHFC home loan can provide significant savings and incentives to qualified borrowers for approved properties.

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Get started on financing your dream home

Complete an online application, contact us or learn more about financing options from Residential Mortgage.

Find the right fit for your mortgage

Just like there are many different types of homes, there are many different types of mortgage loans. Residential Mortgage offers a variety of options and will work with you to find the right one.

a house

First Home

AHFC offers reduced interest rates to eligible first-time homebuyers.
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Veterans Mortgage

Qualified veterans may obtain financing at lower rates with this AHFC program.
a barn and silo

Rural Program

AHFC financing to purchase or renovate owner-occupied or rental housing in small communities.
building blueprint

Renovation Loan

AHFC offers financing options for renovations in conjunction with a purchase or refinance.
mountains sun and birds

Uniquely Alaskan

This AHFC program is available for certain properties for which financing may not be obtained through private, state or federal mortgage programs.
house with two windows and a chimney

My Home

Available statewide for applicants or properties not meeting the particular requirements of other AHFC programs.
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Fixed-Rate Mortgage

Count on consistent monthly payments and fixed interest rates for the life of your loan.
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Adjustable Rate Mortgage (ARM)

These loans typically feature lower introductory rates that adjust periodically throughout the life of the loan.
hand holding a sack of money

Non-Conforming or Jumbo

Available for properties in which conventional financing requirements aren't met, or loans greater than $765,600.
stack of coins

Federal Housing Administration (FHA)

Designed for borrowers with a minimal down payment and lower credit scores.
building blueprint

Veterans Administration (VA)

VA loans have little or no down payment requirements, no monthly mortgage insurance and provide up to 100% financing.
two hands shaking

HUD 184

Provides lower down payments, interest rates and closing costs to members of Alaska Native and American Indian tribes.
outline of Alaska

USDA Rural Development

Provides up to 100% financing for qualified borrowers looking to purchase a home in specified areas of rural Alaska.

Resources for homeowners

We are here to help with your mortgage questions.

Escrow account information

Escrow account information

Our guide details escrow account changes and how they impact your mortgage payment.

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HUD counseling

HUD counseling

Free counseling from the U.S. Department of Housing & Urban Development.

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Speak with a Northrim payment specialist

Speak with a Northrim payment specialist

Let’s work through a plan, together.

Contact Us

Residential Mortgage's operations, products and/or services do not originate from, and are not endorsed by the Veterans Administration (VA), U.S. Department of Agriculture (USDA), Department of Housing and Urban Development (HUD) or Federal Housing Authority (FHA).

Residential Mortgage, LLC
NMLS #167729

Member Mortgage Bankers Association of America
All loans are subject to credit approval.